Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is a contra entry how it is passed in journal and
cashbook

Answer Posted / balaji

contra entry is one where there has to be two corresponding entries for one transaction. when cash is deposited into bank, bank balance increases and cash balance decreases. in a multi column cash book, two corresponding entries has to be passed.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

2305


where does the closing stock appears in the trial balance?

1904


Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1887


Expand---------MRDT

2275


Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572

2357


how can i make configration relation with inflation in sap

1850


what is non stock?

2628


What is the relationship between, issued share capital, share premium and paid up capital?

2349


Short answer on Allowances

1886


What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.

1076


Why you choose commerce faculty & not science or Why you are in commerce & not in science ?

2132


What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.

2417


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1880


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1950


why are you selecting for the controlling area same company code?

2102